U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Vishwa Pratishthan, Maharashtra - 06/2015 - Income Tax

NOTIFICATION NO. 06/2015 DATED 6-1-2015 S.O. 57(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 3021 dated 23.12.2010 issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government had notified at serial number 14, SECOND INNING HOME - Old Age Home for Senior Citizens in Rural Areas by Vishwa Pratishthan, Ghar No.735/23, Dindayal Nagar, Kurduwadi Road, Barshi, Tal-Barshi, Dist-Solapur - 413401, Maharashtra , as an eligible project or scheme, at the estimated cost of ₹ 180.33 lakh including corpus fund of ₹ 52.87 lakh for a period of three years ending with financial, year 2012-13; And whereas the said project or scheme is likely to extend beyond 3 years; And whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of three years. Nowy therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to Section 35AC of the Income-tax Act, 1961 (43 of 1961) , hereby notifies the scheme or project SECOND INNING HOME - Old Age Home for Senior Citizens in Rural Areas , which is being carried out by Vishwa Pratishthan Ghar No.73-5/23, Dindayal Nagar, Kurduwadi Road, Barshi, Tal-Barrhi, Dist-Solapur - 413401. Maharashtra , without any change in the approved cost of ₹ 180.33 lakh including corpus fund of ₹ 52.87 lakh, for a further period of three years commencing with financial year 7.013-14, i.e., 2013-14, 2014 15, 2015-16. Since the financial year 2013-14 has already lapsed, no exemption under Section 35AC shall be available for the said financial year 2013-14. [F.NO.V.27015/3/2014-SO(NAT.COM)]